The 11th week of 2020 began with a sharp drop in the ruble exchange rate, which could positively affect the level of grain export from Russia and lead to its insignificant growth.
On the 10th week in Azov-Black sea region the freight rates remain on the same level and the price for shipment of 3000 mts of corn is USD 17 from Azov to Marmara sea ports.
A significant reduction of spot vessels, due to the fact that the majority of shipowners have fixes their vessels for long-distance voyages, has led to a slight increase in freight rates.
On the 8th week Azov-Black Sea region has shown increase of freight rates to the level of usd 16 per ton for transporting 3000 mts of wheat from Azov to the ports of Marmara Sea.
On the 7th week in the Azov sea region freight rates continue to fall and the price for shipment of 3000 mts of wheat from Azov to Marmara sea ports has reached already USD 17 PMT
On the 6th week there are no significant changes on the freight market. In the Azov sea region there is still low trading activity and lack of grain cargoes.
On the fifth week in Azov-Black sea region there are still low freight rates as on the previous week. The freight rate for shipment 3000 mts of wheat from Azov to the Marmara sea ports remains USD 18 per metric ton.
On the 4th week freight rates at Azov-Black Sea region continue to fall. The freight rate for transporting 3000 mts of wheat from Azov to the ports of the Marmara Sea is $18 per ton.
By the third week, the price of transportation of 3,000 metric tons of wheat from Azov to the ports of Marmara sea has reached USD 20 per metric ton.
In the second week, freight rates remain on the previous week level. Due to protracted Russian new year holidays there is a low activity of all freight market participants.